Title: ANALYSIS OF THE FINANCIAL PERFORMANCE OF TANZANIA PORTLAND CEMENT AND TANGA CEMENT INDUSTRIES OF TANZANIA
Authors:
Ali Haji Sheha, Dr. Mohammed Salim Ahmed and Dr. Waziri Ali Hamad
Abstract:
The purpose of the study was to analysis of the financial performance Of Tanzania Portland Cement and Tanga Cement industries of Tanzania. This review was conducted based on secondary data collected from audited financial statements of selected companies published on Dar es Salaam Stock Exchange market. For analysis, the study covered a period of five years from 2018 to 2022. The study measured the financial parameters of Profitability and Liquidity as the key players to examine the financial performance of the selected cement industry. The study concluded that, based on the ratios analyzed for the period of five years, Twiga Cement has strong financial performance as compared to Tanga Cement. Finally the study recommends that; for Tanga Cement; stringent cost control measures and operational efficiency, risk management related to raw material price volatility and economic uncertainties and prevent over-leveraging and minimize interest expenses but on the side of Twiga Cement, study recommend that; prioritize innovation and product development to remain competitive and assessing opportunities for international expansion can diversify revenue streams, reduce reliance on domestic markets, and capitalize on economies of scale.
Keywords: Financial Performance, Gross Profit Ratio, Operating Profit Ratio, Net Profit Ratio, Current Ratio, Quick Ratio, Cement Industry.
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